Iron Mountain Inc. (NYSE:IRM) saw unusually-high trading volume on Friday . Approximately 2,665,453 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 2,055,090 shares.The stock last traded at $39.72 and had previously closed at $39.28.

IRM has been the topic of a number of recent research reports. Zacks Investment Research upgraded Iron Mountain from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Tuesday, June 21st. Piper Jaffray Cos. restated a “buy” rating and issued a $44.00 target price on shares of Iron Mountain in a research note on Friday, June 17th. JPMorgan Chase & Co. restated a “buy” rating and issued a $42.00 target price on shares of Iron Mountain in a research note on Monday, May 2nd. TheStreet upgraded Iron Mountain from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, Stifel Nicolaus upgraded Iron Mountain from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Monday, April 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $39.00.

The firm has a 50-day moving average price of $37.87 and a 200-day moving average price of $32.65. The firm has a market capitalization of $8.45 billion and a P/E ratio of 58.01.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 28th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The firm had revenue of $749.30 million for the quarter, compared to analyst estimates of $756.85 million. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. Equities analysts forecast that Iron Mountain Inc. will post $2.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Monday, June 6th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Thursday, June 2nd.

In related news, VP Edward Bicks sold 1,459 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $40.25, for a total transaction of $58,724.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ernest W. Cloutier sold 134,462 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $39.93, for a total value of $5,369,067.66. Following the transaction, the executive vice president now directly owns 38,622 shares in the company, valued at approximately $1,542,176.46. The disclosure for this sale can be found here.

Several institutional investors recently added to or reduced their stakes in IRM. Oregon Public Employees Retirement Fund raised its position in Iron Mountain by 7.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 38,873 shares of the company’s stock worth $1,050,000 after buying an additional 2,800 shares in the last quarter. Aberdeen Asset Management PLC UK raised its position in Iron Mountain by 24.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 36,767 shares of the company’s stock worth $1,150,000 after buying an additional 7,216 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Iron Mountain by 4.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 52,240 shares of the company’s stock worth $1,411,000 after buying an additional 2,125 shares in the last quarter. Nationwide Fund Advisors raised its position in Iron Mountain by 2.7% in the fourth quarter. Nationwide Fund Advisors now owns 57,621 shares of the company’s stock worth $1,556,000 after buying an additional 1,517 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Iron Mountain by 48.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 97,472 shares of the company’s stock worth $2,633,000 after buying an additional 31,839 shares in the last quarter.

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

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